Does anyone know when Cabot posted this junk to their web site?
<<In a way, it's like getting the contract from General Motors to furnish all the gas tanks for autos. . . . .and also the contract to supply all the gasoline for each gas tank every time it becomes empty.
Gross plate revenues per printing machine in the field will amount to about $125,000 a year for this small company. . . . .year after year after year. Multiplying $125,000 times the first 100 presses in the field yields a revenue of $12,500,000. If half of this is profit, it could contribute about $.90 per share to earnings.>>
First the facts. Half of $12,500,000 is $6,250,000. If $6,250,000=$0.90/share then there are only 6,944,444 shares outstanding. I think Carlton forgot about a few splits.
I believe he also forgot the 25% + commission they have to pay Pitman.
There is something awfully wrong with his math. Profits as reported for the 6 months amounted to $6,112,433, just slightly less than the amount he talks about above that 100 presses are supposed to throw off from plates alone. How many presses were consuming plates throughout Q's 1 & 2? Lets say 400. Now that is only $15,281 in profits per machine and that number includes laser kit sales and royalties!
I can't understand how everyone jumps to Cabot's defense when he publishes such garbage full of obvious factual errors. Of course Cabot et al have been named in the Consolidated Amended Class Action Complaint which all the bulls so quickly dismiss as being without merit. These same bulls though rush to praise in unison the merits of PRST's recently announced suit against Lustig, Hollingsworth and Patel. That to me is the height of hypocrisy. |
